From Rep Bill Cassidy (R-LA), posted originally at Smart Girl Nation
When Hope Is Not Enough
In times of hardship, leaders must inspire hope. To his credit, President Obama inspires great hope. But without planning, reason, and a sense of what works, inspired hope can be a cruel hoax.
History and economics demonstrate that the path to prosperity is hard work, sound investment, lower taxes, and less debt. Whether in a family, business, or government, debt imprisons. In the short term, debt can elevate the standard of living. But, if income grows slower than debt, debt ultimately destroys that standard of living.
My fear is that the trillions in debt the President is creating will swallow economic growth and destroy that standard of living. Our economic future will be pawned, our future in debtor’s prison.
The President is ambitious. But I ask that his ambition not deafen him to the lessons of history and economics.